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Earnings per Share
12 Months Ended
Dec. 31, 2016
Earnings Per Share [Abstract]  
Earnings per Share
Earnings per Share:

Unvested share-based payment awards that contain non-forfeitable rights to dividends or dividend equivalents are participating securities and therefore are included in PMI’s earnings per share calculation pursuant to the two-class method.

Basic and diluted earnings per share (“EPS”) were calculated using the following:
 
For the Years Ended December 31,
(in millions)
2016
 
2015
 
2014
Net earnings attributable to PMI
$
6,967

 
$
6,873

 
$
7,493

Less distributed and undistributed earnings attributable to share-based payment awards
19

 
24

 
34

Net earnings for basic and diluted EPS
$
6,948

 
$
6,849

 
$
7,459

Weighted-average shares for basic and diluted EPS
1,551

 
1,549

 
1,566



For the 2016, 2015 and 2014 computations, there were no antidilutive stock options.